Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Royal Estate Auctions - $1 Coin AuctionsVancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

If You Found A History-Making Hoard

To participate in the forum you must log in or register.
Author Previous TopicReplies: 33 / Views: 4,564Next Topic
Page: of 3
Pillar of the Community
kbbpll's Avatar
United States
4233 Posts
 Posted 03/26/2015  2:40 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
There are themes here that also came up on the Saddle Ridge thread. How is the "few at a time" thing really going to work? Here the hypothetical is a mint bag - 1000 coins, right? So, the "few at a time every few years" option is going to take you a hundred years at a rate of 10 a year. At what rate can anybody realistically dribble them out into the market before somebody starts suspecting a hoard was found? One a year means you and your descendants will be at this for a thousand years.

I also have problems with commenters essentially advocating tax evasion. This forum is frequented by young people. There are ethical dilemmas surrounding the marketplace, previous owners, etc, but there should be no ethical dilemma on the tax issue. My feeling is that we should be clear in this regard with our postings. "Don't let the government find out" is not an option. Tax evasion isn't just morally wrong, it gets you prison time and/or hefty fines. You're never going to keep this kind of thing secret forever, so why advocate it?

As such, the only right answer to me is the way the Saddle Ridge hoard was handled.
Pillar of the Community
BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 03/26/2015  2:50 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
Actually it is the taxes themselves that are morally wrong, but in total agreement with the whole not giving advice on how to break US law issue.
Pillar of the Community
BadToTheBone's Avatar
United States
1795 Posts
 Posted 03/26/2015  10:33 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
I would do what Buck would do...I like his theory.
  Previous TopicReplies: 33 / Views: 4,564Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.18 seconds to rattle this change. Forums